Global reinsurers firm steps in India with Indian CEOs

After receiving licenses from the Insurance Regulatory and Development Authority of India which has paved the way of the reinsurers to open their operations in India, the Global reinsurers are in the process of setting up their top team with Indian CEOs. Swiss Re, the second largest global reinsurer has appointed Kalpana Sampat, currently the chief – customer service and operations at ICICI Pru as the chief executive officer & managing director of its operations in India.

US-based RGA (Reinsurance Group of America) has appointed Thomas Mathew, former acting chairman and managing director of Life Insurance Corporation as the managing director of its India operations.

Munich Re, the largest global reinsurer, appointed Hitesh Kotak as the new CEO of its India operations. The company has also shifted its India headquarters from Kolkata to Mumbai and sources point out that it is expanding its India team. Joseph Augustine who has been heading the India operations of Catlin will continue in the same position. Other companies like SCOR and Lloyd’s will also name new India chief executive officers soon.